Leon Multifamily Building 343-Unit N. Phoenix Venture

Leon Multifamily Building 343-Unit N. Phoenix Venture
News| October 27, 2026| Mike Boyd
Phoenix & Southwest + Apartment Buildings

Leon Multifamily started construction on Soltra Ironwood, a 343-unit luxury multifamily community in North Phoenix, Arizona. The nearby Taiwan Semiconductor Manufacturing Corporation has committed to a total of $265 billion in Arizona investment across up to 10 fabrication facilities, two advanced packaging plants, and a research and development center — a build-out expected to support tens of thousands of construction and permanent jobs in the surrounding area. Soltra Ironwood is designed to serve this expanding workforce and the broader population growth it is driving across North Phoenix.

Soltra Ironwood will offer studio, one-, two-, and three-bedroom apartments in North Phoenix. The community is designed to include a resort-style pool, a 24-hour fitness center, co-working space, a clubhouse event space, a dog park and pet spa, pickleball and bocce ball courts, and private garages with EV charging. First units are expected in the fourth quarter of 2027.

The community is being built by LMF Construction, Leon’s in-house general contractor.

Other News

Embrey, Southstar Close on $71M Construction Loan for Nashville-Area Apartment Project

Atlanta & Southeast + Apartment Buildings

PCCP provided a $71 million senior construction loan to a joint venture between EMBREY Partners and Southstar Development for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, TN. Completion of the project is anticipated for Q1 2028. Spring Hill is about a half hour from...

Learn more

Investor Duo Acquires Two Tennessee LIHTC Apartment Assets

Atlanta & Southeast + Apartment Buildings

Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville. WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered...

Learn more

Construction Underway on 325-Unit Apopka Rental Community

Florida & Gulf Coast + Apartment Buildings

An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million...

Learn more
New call-to-action

Brokers

View All

Lenders

View All